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If everything gets more expensive that higher MW isn’t worth as much if anything.
Yes but the floor will be higher relative to everyone else and where it is now. Minimum wage hasn't kept pace with inflation, even though it was intended to, because Republicans exist.
I can understand (although I disagree with) the ideological arguments but in terms of the inflationary one, I disagree, because it seems pretty demonstrable the ground floor will be better able to compete with the higher floors.
1. My argument is not ideological it’s economic.
Livable with multiple tenants per bedroom.
You still have to feed, house, and clothe them. Slaves are a raw deal for the plantation owner when you look into it.
If that wasn't what happens IRL the franchisee would have nothing to complain about because they have just as much leverage.
The source I posted showed that franchise fees are 4% of gross sales and that rent averaged around 10.7% of gross sales, which puts that around 15% total. Even if rent was 25% of gross sales, that would not be far off from what a typical restaurant pays.
fee.org
How do you explain the fact that tying the minimum wage to the rate of inflation worked in the past but it suddenly doesn't?
I'll give you another example. Take child care for instance. Highly labor intensive, and each employee is only allowed to supervise a certain number of kids, therefore extremely sensitive to wage increases. Minimum wage goes up, which in turn raises the cost of child care. Therefore the person trying to raise kids on a McDs paycheck who all of a sudden got a raise is already losing a lot of that raise to the minimum wage increase. Same goes for where they buy their groceries.
LOL wut?
Where's the problem if both are tied to inflation rate and rise proportionally?
